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The aim of this paper is to recount the ebbs and flows of Keynesianism over the history of macroeconomics. The bulk of the paper consists of a discussion of the main episodes of the unfolding of macroeconomics (Keynesian macroeconomics, monetarism, new classical macroeconomics, real business...
Persistent link: https://www.econbiz.de/10013137924
Keynesian economics dominated economic thought and macroeconomic policy-making in the 1950s and 1960s. However, the … diffusion of Keynesian economics has been uneven. In this paper, we compare the spread of Keynesian economics in two continental … economics that the market is inherently unstable and that the government has a key role in economic life in steering effective …
Persistent link: https://www.econbiz.de/10014190602